+ What is a syndicated investment?

PPV identifies long-term stable cashflow producing assets with value-add components and will purchase the property with a special purpose entity. Investors will purchase a percentage ownership interest in the special purpose entity, which, when combined and syndicated with other investor contributions comprise the entire equity ownership of the transaction. In other words, investors buy a “stock” in the special purpose entity which owns the Property. Property level cash-flows will flow from the special purpose entity to investors through quarterly distributions. Once the property is sold, a percentage of sale proceeds will be distributed to investors and the special purpose entity will be dissolved. PPV is always a co-investor in each special purpose entity making interests aligned between PPV and its investors.

+ How is PPV different?

One of the major up-front expenses in any real estate transaction is legal fees. PPV is owned and operated by real estate attorneys. PPV can limit transaction costs by doing all legal work for the acquisition, corporate structuring, securities compliance, and disposition. Reduced costs allows PPV to make more offers, receive more diligence, and model more deals without exhausting its acquisition fund.

+ How do I invest?

Once a qualified investor has identified a PPV syndicated investment deal that interests them, the investor will need to sign a subscription agreement for their portion of ownership interest. Signatures are also required on additional documents including a direct deposit form and an investor questionnaire form. Once the property closes, the investor will receive a certificate memorializing the investment and the investors share of the special purpose entity.

+ How will I be updated on my investment?

PPV will provide investors with periodic updates on the performance of their investments including: an annual report, a semi-annual report, and current event reports quarterly with each distribution.

Need more information? Contact us at any time and we'll keep you up-to-date.

+ When will distributions be paid?

PPV endeavors to pay distributions at the times and in the amounts provided in each property offering memorandum. However, PPV reserves the right to defer distribution payments to grow property reserves, and pay for capital improvements. In the event PPV defers a distribution, that payment will be made up in the future out of excess cash-flow. Typically, PPV makes quarterly distributions to investors.

+ How is this different than investing in the stock market or a REIT?

Publicly traded REITs are available on the stock market and provide ownership in a fund which owns and manages many different assets. Ownership of a REIT does not provide any property level benefits. More specifically, unlike a REIT, your investment with PPV will be an investment in one cash-flow producing asset. With PPV, investors will have (a) higher visibility into the day-to-day operations of the property, (b) lower correlation to the stock market, (c) an understanding of the property financials and visibility into all sponsor fees, (d) an opportunity to gain a back-end split of investment profits on refinance or sale, (e) the ability to offset depreciation expenses on your tax return, and (f) less transaction costs.

+ How will COVID-19 affect my investment?

The commercial real estate industry is in uncharted territory during the COVID-19 pandemic. Class-B apartment complexes, however, have shown to be among the most stable and resistant to macro-economic fluctuations. Middle-income tenants have shown a continued ability to remain consistent with rent payments and a hidden demand of “down-grading” tenants from Class-A apartment complexes are expected to drive demand in the short-term. PPV continues to take necessary precautions to protect investor contributions through providing additional property level reserves, eliminating discretionary spending, pausing value-add expenditures, and by using their legal expertise to navigate and leverage government aid through the recently passed CARES Act.